PETALING JAYA: Plantation group IOI Corp Bhd’s third-quarter net profit to end-March plunged 88.1% to RM245.8mil from RM2.1bil a year ago, on the absence of disposal gains during the period.
During the corresponding quarter a year ago, the group had recognised a disposal gain of RM1.6bil from the divestment of a 70% equity interest in resource-based manufacturing business Loders Croklaan Group B.V.
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